5 W hen computing the alternative minimum tax the individual

5. W hen computing the alternative minimum tax, the individual taxpayer may take a deduction for which of the following items? a. State income taxes b. Casualty losses c. Standard deduction d. Real estate taxes on individual\'s principal residence

Solution

Casualty losses are not added back in the alternative minimum tax calculation. Option B is correct
 5. W hen computing the alternative minimum tax, the individual taxpayer may take a deduction for which of the following items? a. State income taxes b. Casualt

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